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Josh Kushner, founder of Thrive Capital, has announced the successful closing of Thrive X, marking a substantial financial achievement for the firm.
The fund, which has surpassed $10 billion, is allocated with 1 billion USD set aside for early-stage investments and the remaining 9 billion USD designated for growth-stage investments. Kushner emphasized that this accomplishment is not merely a milestone but rather a commitment to the challenging and ongoing work required in the investment landscape. Thrive X aims to inject resources into promising ventures and drive economic growth and innovation.
This announcement reflects the firm’s strategic vision and dedication to nurturing startups while also supporting established companies looking to scale further.